UAL Trade on Jun 17, 2020 09:31 from CapitalMastery: Tradervue User Stock Trades.

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CapitalMastery

 
Summary

Jumped in too early, and with a bit too much size, because I tried using PM trend break. Was able to get one partial exit off before being stopped out, as UAL hadn't yet hit it's bottom. I jumped the gun because I was worried about missing the trade as I did the other day, when every stock I was watching launched out of the first 3min candle. After a couple more entry attempts, finally nailed the rebound, but by then had accrued too many losses, and barely broke even. Had I started with smaller size, I would have been able to size up appropriately, and turn this into a winner. More importantly, I need a better process to help avoid getting in too early. Thinking I need a rule of waiting at least three 3min candles before taking this setup.

Did Right

Calmed myself down, and stayed focus on seeing this trade through to breakeven.

Did Wrong
  • Was too big, and too early.
  • Also sold too soon without a valid Reason2Exit
Improvements
  • Size down to 50 initial shares for stocks $25-$100
  • Need to develop a process/technique for identifying when stocks are going to sell off.... Or, maybe I should only trade stocks that have actually sold off on the open.

Execution detail:

Date/time Symbol Side Price Position
2020-06-17 09:31:10 UAL buy $39.488 long
2020-06-17 09:33:11 UAL sell $39.740 long
2020-06-17 09:33:11 UAL sell $39.740 long
2020-06-17 09:40:04 UAL sell $38.680 0
2020-06-17 09:43:48 UAL buy $39.385 long
2020-06-17 10:25:01 UAL sell $38.480 0
2020-06-17 10:26:15 UAL buy $38.600 long
2020-06-17 10:26:18 UAL buy $38.582 long
2020-06-17 10:28:54 UAL sell $38.230 long
2020-06-17 10:28:54 UAL sell $38.230 0
2020-06-17 10:31:17 UAL buy $38.380 long
2020-06-17 10:31:34 UAL buy $38.565 long
2020-06-17 10:55:15 UAL sell $38.990 long
2020-06-17 10:55:35 UAL sell $38.990 long
2020-06-17 10:55:35 UAL sell $38.990 long
2020-06-17 10:55:52 UAL sell $39.053 long
2020-06-17 10:56:03 UAL sell $39.020 0


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